Great stuff ! What a trader. He comes into October 19, 1987 way short, and has the guts to sell even more on the big gap down opening.
Something to keep in mind when we gap up to ath in PMs in the days ahead.
What I found interesting was his theory on how the debt problem will be solved. A month or so long hyperinflation wiping out the debt then a currency reset. Waimar Germany did something like that to repay the WWI Treaty of Versailles.
Thanks JSK. Very interesting!
Great stuff ! What a trader. He comes into October 19, 1987 way short, and has the guts to sell even more on the big gap down opening.
Something to keep in mind when we gap up to ath in PMs in the days ahead.
What I found interesting was his theory on how the debt problem will be solved. A month or so long hyperinflation wiping out the debt then a currency reset. Waimar Germany did something like that to repay the WWI Treaty of Versailles.
Right, so if you buy into his line of thinking you should now be buying as much real estate and other hard assets as you can get loans for
Hard assets yes but real estate. My problem with real estate is you never really own it you just get to lease it from the government.